Mutual Funds

Is investing in Mutual funds worthwhile? IB offers about 1800 funds. I would like to put some money in these funds , but donot know how to select any fund. Are there any guidelines about selecting these funds.

Any information will be much appreciated. Thanks

 

%% Yes 10 year track record helps;; if 20% beat the benchmark[SPY/S& P 500] Exspence are about the same. check them anyway................................................

 

This is the wrong forum for mutual fund investing. There are many better forums for long term fund advice.

My $0.02 is buy only no-load funds. Scottrade has a massive list for no-transaction fee mutual funds (NFT). That's where I do the bulk of my mutual fund trading.

 

I think there was a guy in Market Wizards who made his millions with NTF Fidelity Select Funds.

 

I would like to invest in mutual funds or ETF in UK under ISA . The personal allowance is £15000. ISA can be transferred from one provider to another. This is all tax free.. Any suggestion for UK ? Thanks

 

If your investing rather than trading, look up the Morningstar.com rating of the funds.

http://www.morningstar.co.uk/uk/

I don't know their reputation the UK. But, their methodologies are highly regarded in the US. Excellent educational content, too.

Cheers.